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Iraq sends an open invitation to the private sector to invest in Saudi oil projects
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The Minister of Industry and Minerals, Mohammed Shi'a al-Sudani, invited an open invitation to his Saudi counterpart and to companies wishing to visit Iraq to see the projects in Mesopotamia, revealing the offer of SABIC to enter as a third party in a strategic project in partnership with Shell International, Of 94% of investors expressed their desire to enter the Iraqi market.
"Our visit to the Kingdom of Saudi Arabia was important to know the depth of the Saudi industry and its most successful stations, which represent a success story worthy of knowledge, research and transfer of experience," Al Sudani said in an interview with Saudi newspaper Al Riyadh. The success of the visit through the intensive tour and answer all queries on how to reach this advanced stage, which we are proud of as Arabs and Muslims, and to be in the Kingdom this technology and this development and strategic vision for the investment of natural resources, especially minerals, oil and gas in the form "Stressing that there is" a clear desire of both parties to open the horizons of cooperation and activate what was agreed upon during our visit to the Kingdom. "
Al-Sudani extended an open invitation to the Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih and to the Ministry's headquarters and companies wishing to visit us to see the projects in our country. "He said.
He pointed out that "the experience of the Kingdom in the petrochemical industry is successful by all standards, where they have Sabic and this name and title in the manufacturing industries and they have important companies and we are interested to transfer this successful experience of Iraq," noting that "we made an offer to SABIC to enter into a strategic project is being prepared two years ago in partnership with "Shell International is the third project in the world and has been introduced to SABIC as a third party with us. We also have a genuine desire for joint work between the Iraqi Ministry of Industry and Minerals and Saudi Energy."
He pointed out that "we hope to further activate the initial steps and agreements that took place during our visit to Saudi Arabia and included the sites of industrial cities and our meeting with an elite of industrial businessmen in Riyadh Chamber of Industry."
He explained that "there is a clear demand and we heard from the Chamber that there was a questionnaire, where more than 94% of investors expressed their desire to enter the Iraqi market and this is encouraging factor and will find their Iraqi brothers very welcome and provide facilities for the success of these projects to reflect the interest of the two brotherly peoples and the Arab and Islamic nation.
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